The electric bike (E-Bike) market offers numerous benefits, including eco-friendliness, reduced commuting costs, and health benefits. The dominating segment is the urban commuter E-Bike category, primarily favored for daily transportation. These E-Bikes assist riders in navigating city environments efficiently and sustainably, with features such as pedal-assist and compact designs. They reduce traffic congestion and carbon emissions, making them an ideal choice for urban commuters, thus driving the growth of this segment in the E-Bike market.
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Data Bridge Market Research analyses that the Europe Electric Bike (E-Bike) Market was valued at USD 3,136.84 million in 2021 and is expected to reach USD 6,962.73 million by 2029, registering a CAGR of 9.70% during the forecast period of 2022-2029.
As individuals increasingly prioritize health and sustainability, E-Bikes align with this shift by providing a mode of transportation that encourages physical activity, reduces carbon emissions, and offers a sustainable and eco-friendly alternative to traditional vehicles.
Key Findings of the Study
Health and fitness is expected to drive the market's growth rate
Electric bikes (E-Bikes) strike a balance between exercise and convenience by offering pedal-assist technology. Riders can choose to pedal with varying levels of motor assistance, making it easier to conquer challenging terrains or longer distances. This encourages physical activity and outdoor exercise while accommodating different fitness levels. E-Bikes appeal to a wide range of individuals, promoting a healthier lifestyle by making cycling more accessible and enjoyable, ultimately contributing to improved fitness and overall well-being.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Battery Type (Lithium-Ion, Lithium-Ion Polymer, Nickel Metal Hydride, Lead Acid, Sealed Lead Acid and Others), Hub Motor Location (Mid Drive Hub Motor, Rear Hub Motor and Front Hub Motor), Mode (Pedal Assist and Throttle), Battery Power (Under 750 W and Over 750 W), Class (Class I (Pedal Assist/Pedelec), Class II (Throttle) and Class III (Speed Pedelec)), Usage (City/Urban, Cruise, Mountain/Trekking Bikes, Racing, Cargo and Others)
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Countries Covered
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Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe
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Market Players Covered
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Accell Group (Netherlands), Derby Cycle (Germany), JIANGSU XINRI E-VEHICLE CO.,LTD. (China), Karbon Kinetics Ltd (UK), ITALJET SPA (Italy), Riese & Müller GmbH (Germany), M1-Sporttechnik (Germany), F.I.V. E. Bianchi S.p.A. (Italy), Kawasaki Motors Corp., U.S.A. (U.S.), WUXI YADEA EXPORT-IMPORT CO.,LTD. (China), Giant Bicycles (Taiwan), Trek Bicycle Corporation (U.S.), myStromer AG (Switzerland) and Specialized Bicycle Components, Inc.(U.S.), among others
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Data Points Covered in the Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Segment Analysis:
The Europe electric bike (E-Bike) market is segmented on the basis of battery type, hub motor location, mode, battery power, class, and usage.
- On the basis of battery type, the Europe electric bike (E-Bike) market is segmented into lithium-ion, lithium-ion polymer, nickel metal hydride, lead acid, sealed lead acid and others. In 2022, the battery type segment is primarily led by lithium-ion batteries due to their low maintenance and extended lifespan.
In 2022, lithium-ion segment of battery type is dominant in the Europe electric bike (E-Bike) market during the forecast period of 2022-2029
The battery type segment is primarily led by lithium-ion batteries due to their low maintenance and extended lifespan. Nonetheless, the lithium polymer battery is gaining momentum at a faster pace as it represents an enhanced iteration of lithium-ion batteries, offering superior durability.
- On the basis of hub motor location, the Europe electric bike (E-Bike) market is segmented into mid drive hub motor, rear hub motor, and front hub motor. In 2022, the mid-drive hub motor is the dominant choice in the hub motor location segment, primarily due to its optimal design for pedelec electric bikes (E-Bikes) and pedal-assisted e-bikes, which constitute a significant portion of global E-Bike purchases.
In 2022, mid-drive hub motor segment of hub motor location will be dominant in the Europe electric bike (e-bike) market during the forecast period of 2022-2029
In 2022, the mid-drive hub motor is the dominant choice in the hub motor location segment, primarily due to its optimal design for pedelec Electric Bikes (E-Bikes) and pedal-assisted e-bikes, which constitute a significant portion of global E-Bike purchases.
- On the basis of mode, the Europe electric bike (E-Bike) market is segmented into pedal assist and throttle. In 2022, the largest market share in the mode segment belongs to pedal assist, primarily favored by consumers because it combines the benefits of traditional cycling with electric assistance, enabling longer and more enjoyable rides.
- On the basis of battery power, the Europe electric bike (E-Bike) market is segmented into under 750 W and over 750 W. In 2022, battery power under 750 W currently leads the battery power segment, with expectations of rapid growth. These batteries are well-suited for E-Bike production, offering sufficient energy capacity while adhering to manufacturing requirements, making them the preferred choice for electric bicycle production.
- On the basis of class, the Europe electric bike (E-Bike) market is segmented into class I (pedal assist/pedelec), class II (throttle), and class III (speed pedelec). In 2022, the class I segment, which includes pedal assist or pedelec E-Bikes, holds a prominent position within the class segment. These E-Bikes, offering pedal-assisted assistance, are favored by health-conscious individuals seeking a more active and engaging riding experience compared to full-throttle E-Bikes, contributing to their widespread popularity.
- On the basis of usage, the Europe electric bike (E-Bike) market is segmented into city/urban, cruise, mountain/trekking bikes, racing, cargo, and others. In 2022, the majority of commuters opt for E-Bikes for short-distance travel, particularly in urban areas for daily office or workplace commuting. As a result, the city/urban category experiences the highest growth within this segment, reflecting the practicality and convenience of E-Bikes for city dwellers.
Major Players
Data Bridge Market Research recognizes the following companies as the major Europe electric bike (E-Bike) market players in Europe electric bike (E-Bike) market are Accell Group (Netherlands), Derby Cycle (Germany), JIANGSU XINRI E-VEHICLE CO.,LTD. (China), Karbon Kinetics Ltd (UK), ITALJET SPA (Italy), Riese & Müller GmbH (Germany), M1-Sporttechnik (Germany), F.I.V. E. Bianchi S.p.A. (Italy), Kawasaki Motors Corp., U.S.A. (U.S.).
Market Developments
- In March 2021, Cannondale introduced the Adventure Neo series of commuter e-bikes. This lineup comprises four distinct models, each showcasing a step-through design, an alloy frame, and a Bosch drive system accompanied by a battery. These e-bikes are designed to provide accessibility, durability, and efficient electric-assisted commuting options for riders, embodying a commitment to user-friendly and high-performance electric bicycles.
- In December 2022, Volt Bikes and City AM joined forces to inaugurate an ESG-centric initiative. This collaboration with Impact AM, a recently established division within City AM, concentrates on addressing environmental, social, and governance (ESG) matters. Together, they aim to promote sustainable and responsible practices, highlighting their commitment to ESG issues and their significance in the business and societal landscape.
- In November 2022, Giant introduced the Stormguard E+, a fully-suspended electric bicycle. These e-bikes are set to hit the European market in 2023, with the E+1 model priced at 7,999 Euros and the E+2 model at 6,499 Euros. This launch signifies Giant's commitment to delivering advanced electric bike technology to European consumers, offering a high-performance option for those seeking a full-suspension e-bike experience.
- In August 2022, VanMoof introduced the S3 Aluminum, an upscale, sleek e-bike model. The S3 Aluminum stands out for its minimalist design, featuring only raw welding and a brushed metal frame. This release represents VanMoof's dedication to delivering premium electric bike options. With its stripped-down, minimalist aesthetic, the S3 Aluminum offers an elegant and contemporary choice for riders seeking both style and performance in an e-bike.
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